November 4, 2016

STANDARD CARE PROTOCOLS WERE OBSERVED TO BE EFFECTIVE IN IMPROVING CARE QUALITY AND REDUCING COST IN A STUDY COMPARING QUALITY AND COST OUTCOMES WITH AND WITHOUT THE USE OF SUCH PROTOCOLS.

Over the past decade, hospitals have been implementing process and quality improvement programs using strategies proven in other industries to solve their complex challenges. A primary focus of these efforts has been to identify standard care protocols that can contribute not only to improved outcomes but also to reduced costs.

October 12, 2015

CentraCare’s goal to reduce costs while maintaining quality became a continuous effort, not a one-time initiative.

By uncovering variation in physician care, CentraCare Health has been able to identify millions of dollars in cost savings opportunities and become better equipped to achieve its ultimate goal: continuous cost improvement.

October 1, 2019

Yale New Haven Health in New Haven, Connecticut, is a 2,409-bed health system that includes Yale-New Haven Hospital, the primary teaching hospital for Yale School of Medicine that regularly ranks among the best hospitals in the country.

As the business model for all healthcare organizations continues to shift into a value-based model and operating margins continue to shrink, understanding the true cost of care has become mission critical for the organization.

THE PROBLEM

March 14, 2022

Intermountain Healthcare has a reputation for being an innovative health system, with caregivers and IT leadership always looking for ways to grow its footprint and expand options for patients to receive care in their preferred setting, whether virtual or in-person. This mission applies to Intermountain’s hospitals, medical groups, clinics and its health plan, SelectHealth.

June 2, 2020

In the history of America’s healthcare system, there has perhaps been no bigger disruptor to hospital finances than COVID-19, which has strained resources and shut down service lines. Telehealth reimbursement waivers have provided a fiscal lifeline for struggling organizations, but for some, more is needed. That’s where examining and re-thinking labor costs come into play.

January 27, 2023

By Joseph Grimaldi

There’s no single solution, but physicians, nurses, and managers all have roles in recruiting and retaining employees.

October 21, 2022

By Amanda Schiavo

Hospitals and health systems are under mounting pressure to reduce costs, enhance the labor force, and improve the quality of healthcare services for patients. But rising inflation and worker shortages are making these tasks more challenging.

February 27, 2023

By John Lynn

August 19, 2022

Rise in patient acuity has been a driver of increases in labor, drug, and supply costs for hospitals creating unsustainable financial challenges.

January 9, 2020

When negotiating with payers, health systems are challenged at estimating how much a proposed contract will cost them – or whether they’ll actually make a profit. This is especially true of smaller health systems that cannot afford large teams of analysts to crunch the numbers.